S-F Manufacturing Company performs a variety of activities for custom products. This week the following transactions took place.
1. Received 600 units of material at $12 per unit.
2. Issued 120 units of material for Job 26M and 80 units for Job 27N.
3. Received miscellaneous supplies for $420. The costs are recorded as overhead.
4. Job 26M required 110 hours of direct labor and Job 27N required 80 hours. Direct labor is paid $22 per hour.
5. Overhead is allocated at the rate of 120% of direct labor.
6. Other costs included $500 for utilities, $900 in depreciation, and $1,200 for supervision.
7. Beginning work-in-process for Job 26M was $2,400.
8. Job 26M was completed during the week.
9. Delivered Job 26M to the customer.
A. Set up all of the T-accounts needed to record this information. Use titles similar to those in Exhibit 5.7.
B. Record all of the transactions for the week.

  • CreatedJanuary 26, 2015
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